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Trevor Milton rakes in $49M in sale of 3.5M Nikola shares

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Apr 05, 2021 at 09:43 AM CST
Former Nikola Corp. (NASDAQ: NKLA) Executive Chairman and founder Trevor Milton pocketed about $49 million from selling 3.5 million shares in the startup electric truck company last week. Milton is the subject of federal investigations over fraud claims alleged by a short seller that drove the company’s stock price to crater last fall. It is trading in the teens from a high of more than $90 a share following its public debut in June 2020.

Apr 05, 2021 at 09:43 AM CST

Former Nikola Corp. (NASDAQ: NKLA) Executive Chairman and founder Trevor Milton pocketed about $49 million from selling 3.5 million shares in the startup electric truck company last week. Milton is the subject of federal investigations over fraud claims alleged by a short seller that drove the company’s stock price to crater last fall. It is trading in the teens from a high of more than $90 a share following its public debut in June 2020.